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$370,000

7502 Tripp Ave, Amarillo, TX, 79121

$372,617 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,471 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$151.76 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesOven, Range, Dishwasher, Microwave, Gas Water Heater

Exterior

Lot Size9,148 sqft

Building Information

Year Built1983
Stories1
Roof Type127
Garage Spaces4

Land Information

APNR-073-0530-6355
Lot Number16
SubdivisionSleepy Hollow # 20
Land UseResidential
Legal DescriptionSLEEPY HOLLOW # 20, LOT 016, BLK 0030
Census Tract021604
Assessed Land Value$36,900
Assessed Improvement Value$309,125
Assessment Year2025

About this property

This motivated seller has dropped the price 10k and is offering 5k in concessions! Seller financing is also available! Wonderful, spacious, and well-kept in Sleepy Hollow! This 4 bedroom, 2 bath home has a centralized living area with fireplace and gorgeous ceiling beams, a formal dining room, and 2nd living area/den! The kitchen with breakfast area has granite countertops, gas range, wall oven, and eat-in bar! Head out back to the covered patio and pergola and enjoy your cup of coffee or relax in the hot tub that conveys with the property! The 2-stall garage has an in-ground storm shelter, and the double carport makes room for several additional vehicles! The large storage building is perfect for motorcycle or golf cart storage with an overhead door that's accessible from the alley. There's a second storage building for the overflow! This home has a great, versatile and functional floor plan and provides a space for everything! Wood flooring and solid surface flooring throughout the home, casement windows, class 4 roof and more! Make your appointment today!

Investor Tools

Property Icon
$370,000
Estimated Property Value
$279,920Estimated Mortgage Balance
$113,417Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$372,617
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$608/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,447
$346,025
2025
$36,900
$309,125
$346,025
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,447
$346,025

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amarillo National Bank
Conventional
$279,920
No
First
Dec 30, 2021
Jan 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$256,583
$113,417
30%
69%
$1,679/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,630/mo
$1,679/mo
$-49/mo
5.3%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Amarillo

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7502 Tripp Ave | Property Details | No Agent List